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Tuesday, January 18, 2011

(1) Nifty Chart & Levels For 18/01/2011 ::


Nifty :: White Doji possible reversal candle with Harami black reversal candle pattern.. As per yesterday post Nifty finally hold 5640 in closing.. NSI still in positive divergence.. Short term indicator are in oversold region with positive divergence.. Avoid shorting at low.. Use buy in deep strategy in intraday treading, as far as Nifty hold 5624.. Below 5624 next strong support 5608 and strong support zone 5600 to 5540.. Nifty must be bounced any time from lower support level. Momentum once again turn up for short term only above 5696.. Our strategy for 18th Jan.. Buy in deep (strictly stop loss 5624 or maximum 5608) sell at high (S.L 5749).. Resistance for up move at 5691/5696/5712/ 5733/5749.. Supports at 5624/5608 and strong support zone 5600 to 5540..

Posted by MY CHART at 1/18/2011 02:23:00 AM

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